career change

Should I Stay Or Should I Go – How Much Does Job Tenure Matter?

iStock | NiseriN

Except for the “return-to-the-office vs. work-from-home” tug of war, the labor market seems to have snapped back to its normal ebbs and flows. And with that comes self-reflection on your career, including the determination of how long to stay in a job before you jump to another one. A recent poll conducted by Jobera revealed that almost 20% of workers faced with a mandate to return to the office would quit their current job to work from home because they have their own bathroom – I’m not sure that’s the best reasoning to pass on an opportunity, but I guess there’s a reason why bathroom renovations add so much to a home’s resale value. ;)

Sorry, back to business – how long you should stay in a job is based on contradictory realities: potential employers will always be wary of applicants who they perceive as job hoppers and those same employers will dump you in a heartbeat if it’s good for their bottom line. For example, on a macro basis companies are raising wages but simultaneously accelerating layoffs. To walk this tightrope, you must simultaneously look out for #1 (that’s you) and approach your job with long-term strategic thinking.

Ideally, you have a consistent work history that shows a high level of commitment to the jobs you’ve accepted. Five years was once considered the minimum but that is an outdated expectation. One to two years offers ample time for personal and professional development and avoiding the dreaded perception that you are a job hopper. That said, there may be excellent reasons to jump ship sooner rather than later, including:

  • Are you an up-and-comer? There is no single path to the top and if another company is willing to let you move up that is an opportunity you may want to consider regardless of how long you’ve been in your current position. If you have the skills to climb the ladder and you feel stuck sometimes it’s better to find a new ladder at another company.  

  • Is your employer a sinking ship? When forces beyond your control become apparent, such as an impending bankruptcy, a buyout, or a merger where there is an uncertain future, you can jump ship without the baggage of being branded a job hopper.

  • Internal strife that creates a hostile work environment is bad for your mental health. If waking up and going to work fills you with free-floating anxiety and dread, then it may be time to find a new job.

  • If your company is engaged in illegal behavior and wants you to engage in morally and ethically tenuous activities, run like hell.

 

Nobody is going to blame you for leaving a job after just a short time if the circumstances are extreme like the ones mentioned above. With that said, there are benefits to being at a company for the long haul:

  • When you put your time in, you may be more likely to advance. What happens when a student transfers from one college to another? They lose credits and it takes longer to graduate. The same can apply to your career; if you bounce around too much, you may lose ground and it will take longer to achieve your goals.

  • Increases in compensation, vesting, and promotions are often awarded to those with the most experience, which is linked to the time you spend at a single company. Loyalty has rewards. Do you want that private bathroom? Put your time in.

  • If you’re in the first phase of your career, your professional development is accelerated by mentors. The full benefits of being mentored cannot be achieved in a short time. Learning a little here and there will never be as effective as immersion. Think about learning a new language. If you use an app like Duolingo, you may be able to turn a phrase or two, but if you live in another country for a year, you may reach fluency.

  • Stability. Yes, stability seems unadventurous and boring until you experience instability. But having a stable job and income can be a great thing.

  • Two factors epitomize a successful professional life – 1) doing meaningful work; and 2) developing in-depth relationships with your co-workers. Both take time. The longer you are in the trenches with other people the more these elements can be nurtured.


Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.

Your Second Act – Getting Ready For Your Next Career

iStock | nbela

Let’s talk about second acts in work lives. Recently, a photo of Major League Baseball Hall of Fame superstar pitcher Randy Johnson (22 seasons, 1988 – 2009) behind a huge camera on the sidelines of an NFL game in 2011 went viral. Randy Johnson, somebody who doesn’t even need a second act, reverted to his college major at the University of Southern California - photojournalism. He retired from baseball and became a professional photographer. Check out Randy’s photos. They’re pretty great for someone with a 102-mph fastball.

Granted, Randy Johnson is not your average person. When he retired from the Major leagues, he had financial security and options, but I doubt starting a photography business was the easiest or most lucrative path he could have chosen. Randy could have cashed out in many, less risky ways such as product endorsements or broadcasting, but he chose to turn a passion into a profession.

There are many second acts happening now. According to the Bureau of Labor Statistics, 47 million workers voluntarily left their jobs in 2021 and it’s safe to say that the majority are not famous athletes. The Great Resignation continues unabated. The top reasons include, “lack of advancement opportunities, flexible hours and location, and lack of childcare.” (Workamajig.com). What are those 47 million people doing with the next chapter of their professional lives? No idea, but there’s a good chance some of them decided to voluntarily leave their jobs with the intent of starting a new profession.

All passions are not created equal. If Randy Johnson spent twenty-two years as a professional photographer and then tried to play Major League baseball, I doubt he would have had the same success. Within reason, anybody can turn a hobby or passion into a paying gig. Maybe you’re already doing something on the side that you want to be full-time. Like Randy, maybe you want to exhume a love from your past. If you want to turn your passion into a profession, here is a series of assessments that may help you navigate the possibilities:

1.     Assess Your Skill Level

 How good are you at whatever it is you plan to do? Can you operate on a professional level? For example, let's say you love making videos for Tik Tok and you get lots of likes and followers. Does that mean you can get up tomorrow and be a professional videographer? Probably not. But if you are able to produce videos with consistent production value you have the makings of a professional. 

 A good way to assess where you fall versus professionals who already do what you want to do is to spend some quality time on LinkedIn. Once you've read fifty videographer profiles you will 1) get a glimpse of what a recruiter's life is like, and 2) get a very good idea of what it means to be a videographer for a living. It is also probable you will discover many different types of jobs that videographers can do. For example, in the digital marketing world video is king, so people who know what they are doing are in high and constant demand. 

 

2.     Assess Your Financial Situation

Even if resources are not an immediate concern, it is still a good idea to determine the financial impact of a new direction. Taking a side gig and making it your primary source of income isn't free. It is wise to create a detailed personal budget so you can accurately assess how long you can go before your new gig has to pay for stuff like gas and food, which are now $1 million dollars a month each. Yes, hyperbole, but it feels like $1 million dollars, doesn’t it?

 Research what kind of compensation you can expect once your new career begins in earnest and compare it to your baseline expenses (e.g., mortgage/rent, health care, child care, car, insurance, etc.). Look at your current discretionary expenses and rank what you can or will eliminate if necessary. Try and create as complete a portrait of your financial landscape as possible. Sacrifices may have to be made to turn your passion into a profession. If you know what those sacrifices are you should be able to make a more informed choice as to whether pursuing that path is truly what you want to do.

 

3.     Assess Your Access to Capital

 If you want to take your passion to the next level, you may need money. You can work for somebody else, spend your own money, spend somebody else’s money, or a combination of all three.  Think of the rich people who run for political office and "lend" their campaigns money (power is an expensive hobby). There is no guarantee they're getting any of it back. You might not either.

If you want to open a store, purchase professional equipment, have an integrated marketing strategy, and have normal business stuff like wi-fi networks, printers, printer paper, and paper clips neatly stored in a locked supply cabinet, you will need capital.

·      Do you have personal capital you can invest?

·      Do you know people who may be willing to invest in your business?

·      Do you know anyone who works in venture capital or private equity?

·      Explore business loans offered by banks.

·      Research and talk to the Small Business Administration.

4.     Assess Your Access to Expertise

Who, do you know? The easiest way to learn something is to be taught by somebody who is already doing it. Even if you are an undiscovered virtuoso whose abilities are beyond reproach, there are many things you don’t know how to do.

Here is an example – luxury picnics. I have no idea how many luxury picnic businesses there are, but I know there is one where I live and they’re pretty great at what they do. I do not know the history of the company, but I know that if somebody decides to go into luxury picnics, they must have a passion for picnics. Somebody loves picnics so much they said “I want to throw luxury picnics for a living.” While that person, or people, may know how to put together an amazing picnic, they may not know anything about starting a business or the administration of event management.

The converse can also be true. The person who loves picnics may be a business person who knows how to start and run companies but couldn’t throw a nice picnic if their life depended on it. Either way, they need outside expertise to get to where they want to go. So, who do you know?


Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.

I Recently Started A New Job, And A Better Opportunity Popped Up. What Should I do?

iStockphoto.com | Nuthawut Somsuk

iStockphoto.com | Nuthawut Somsuk

Life is unpredictable. We learn to adapt to uncertainty and unexpected changes. We can do that regularly because life's unpredictability typically leaves you with two distinct options, and you choose one of them. Sometimes, however, you are forced into a dilemma, the answer to which is not clear.

If you start a new job and receive an offer for another one shortly after, you face a moral and professional decision that may have a long-lasting impact on your career. There is no easy answer, and you are the only person who can decide whether or not it's the right move. Frequently job jumps on your resume can scare potential employers, who may fear that you’ll leave six months after hiring you. That said, personal circumstances are nuanced. Not every early exit is a liability.

To help navigate your personal circumstances, answer these simple YES/NO questions:

1.    Do you believe changing jobs will damage your career? If YES, you have a lot to think about. If NO, proceed.

2.    Is the second job offer truly better than the job you just started? This is the primary comparison most people are going to make. Assess the compensation packages and weigh any increases or additional benefits against the risk to your professional brand for "job-hopping." If there's parity, more discovery is needed to make an informed decision. If it's an offer that’s so good financially you think you’d be an idiot to refuse it, perform a risk/benefit analysis and proceed accordingly.

3.    Is it the job of a lifetime knocking on the door? Many components make a job a "dream job" for a particular person. For example, significant salary increases, significant promotion doing precisely what you want, better commute, on-site daycare, or medical benefits/care. That is why you do not automatically rule out the second job offer even if the compensation package is worse. People are willing to trade off certain things for their dream job. One thing on the above list may dictate an employee's decisions above all others, or perhaps the second job sets you on a path with more room for personal and professional development.

4.    Is your current job unpromising? Let’s say your new job was great on paper, but once you became part of the daily operations, you discovered that it was unsustainable. Job disasters exist, so this is a valid position to take. Sometimes, especially if the circumstances are extreme, it is better to move on as quickly as possible, but be prepared to answer the question, "Why?"

5.    Are you experiencing a significant life change? If you are experiencing a significant long-term life change (e.g., marriage, starting a family, caring for a sick loved one, being sick), you may have more flexibility to move jobs quickly without major repercussions. Certain life events are viewed with wider latitude than others. For example, a new parent may switch jobs because their current job requires a lot of travel. That's reasonable.

6.    Are you in a contract or consulting role? You can do what you want. Generally speaking, in the absence of a long-term contract, it's understood that consultants/contract workers will move on when current projects are complete or better opportunities arise.

7.    Does the second job fit in better with your strategic career plan? Any general advice offered regarding this dilemma does not consider your long-term professional goals, which only you know. The proposed job opportunity may be the missing piece of your career puzzle, and the switch will ultimately benefit you in ways you believe your current position will not.

8.    Are you a part-time worker searching for a full-time position? This is an obvious exception to the job-hopping rule. If you switch jobs because your current job, regardless of how long you've been in it, is part-time and the other job is full-time, nobody will dispute that calculation. 

9.    Are you moving? If you find yourself relocating to a new market, unless you’re working remotely  you will need to find a new job in your new community. 

10. Does the second job fit in better with your strategic career plan? Any general advice offered regarding this dilemma does not consider your long-term professional goals, which only you know. The second job may be the missing piece of your career puzzle, and the switch will ultimately benefit you in ways you believe your current position will not.


Philip Roufail contributed to this article.

Scott Singer is the President and Founder of Insider Career Strategies Resume Writing & Career Coaching, a firm dedicated to guiding job seekers and companies through the job search and hiring process. Insider Career Strategies provides resume writing, LinkedIn profile development, career coaching services, and outplacement services. You can email Scott Singer at scott.singer@insidercs.com, or via the website, www.insidercs.com.